Alexander Nubia International Inc. Discloses Additional Information Regarding Private Placement

Alexander Nubia International Inc. Discloses Additional Information Regarding Private Placement

Toronto, Ontario CANADA, June 12, 2012 /FSC/ - Alexander Nubia International Inc. (AAN - TSX Venture), As previously announced on May 29, 2012, Alexander Nubia International Inc. ("AAN" or the "Company") completed a private placement of 215 units ("Units") to raise gross proceeds of $215,000, with each Unit consisting of (i) one $1,000 principal amount 12.0% unsecured convertible debenture of the Company (each, a "Debenture") which matures on May 29, 2014; and (ii) 10,000 common share purchase warrants (each common share purchase warrant, a "Warrant"). The Company today disclosed additional information regarding the terms of the Debentures.

At any time after the earlier of (i) the closing date of a public offering or private placement of common shares of the Company ("Common Shares") or securities convertible into Common Shares (an "Equity Financing"); and (ii) May 29, 2013, the holder of a Debenture may convert all or any portion of the principal amount of such Debenture into Common Shares at a price of $0.10 per share (the "Principal Conversion Price"). Subject to the approval of the TSX Venture Exchange at the time of such conversion, all accrued and unpaid interest on the Debentures is convertible into Common Shares at a per share price equal to the greater of $0.05 and the Discounted Market Price at the time of such conversion (as determined by the policies of the TSX Venture Exchange) (the "Interest Conversion Price").

If the Company completes an Equity Financing prior to May 29, 2014 and the Equity Financing raises gross proceeds of at least $430,000, then the Company must repay the Debentures and the accrued and unpaid interest thereon to the extent not already converted into Common Shares. In the event that the average closing trading price of the Common Shares on the TSX Venture Exchange for any 10 consecutive trading days is greater than $0.75 per share, then the outstanding principal amount of the Debentures will automatically convert into Common Shares at the Principal Conversion Price and all accrued and unpaid interest thereon will, subject to TSX Venture Exchange approval, convert into Common Shares at the Interest Conversion Price.

The Debentures and Warrants, as well as any Common Shares issued on conversion of the Debentures, are subject to a four month hold period expiring on September 30, 2012.

For more information on the Company please visit our web site at www.alexandernubia.com or contact:

For more information on Alexander Nubia please contact:

A. Alexander Massoud
President and Chief Executive Officer
Egypt: +2 (0) 22 287 6914
Email: amassoud@alexandernubia.com

Donald M. Cameron, CA
CFO
Canada: +1 (877) 607-4747
Email: dcameron@alexandernubia.com

Nisha Hasan
Investor Relations, TMX Equicom
416-815-0700 ext. 258
Email: nhasan@alexandernubia.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.



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Source: Alexander Nubia International Inc. (TSX.V -  AAN) http://www.alexandernubia.com
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